Banking Awareness Quiz: Set 240

Dear Readers,

Welcome to the 2021 Daily Banking Awareness Quiz Question & Answers Section of ExamsCart. Banking Awareness Quiz will Boost Your Banking Awareness Section.

The Banking Awareness Section of Banking Exams covers various segments in it like Banking Awareness, Static GK, In any case, the most imperative thing that you may have seen is that both the Banking Awareness and Static Awareness questions asked in the Banking Awareness Section depend on Current Banking Affairs as it were.

Here is a test on Banking Awareness to give you a chance to survey your Banking Awareness Knowledge. This post contains important Banking Awareness Quiz. A brief explanation of every Quiz is provided to further enhance your general knowledge. 

Banking Awareness Quiz: Set 240

1. When the exchange rates of two currencies are adjusted in such a manner that an identical good in two countries has same price when expressed in respective currency is known as ______.
   A) Purchasing Power Parity
   B) Bank Rate
   C) Foreign Exchange Reserve
   D) Wage Rate
    
2. The Insolvency and Bankruptcy Code came into force in which year?
   A) 2014
   B) 2016
   C) 2015
   D) 2012
    
3. The Punjab National Bank acquired New Bank of India in which year?
   A) 1999
   B) 2000
   C) 1989
   D) 1993
    
4. Which of these is the first commercial bank in India on limited liability basis to be fully owned and operated by Indians?
   A) Punjab National Bank
   B) Oudh Commercial Bank
   C) Allahabad Bank
   D) Imperial Bank of India
    
5. Which of the following is not a component of M2?
   A) Demand deposits
   B) Currency & Coins
   C) Corporate bonds held by firms & individuals
   D) Money market mutual fund shares
    
6. The External Commercial Borrowings (ECB) is a part of_____
   A) Capital Account
   B) Balance of Payment
   C) Balance of Trade
   D) Current Account
    
7. The payment of which of these cheques cannot be made on a cash counter of bank?
   A) Bearer
   B) Cross
   C) Order
   D) None
    
8. Which of these best defines Stagflation?
   A) Inflation after Deflation
   B) Inflation with Growth
   C) Deflation with growth
   D) Inflation with recession
    
9. The subprime lending is a loan offered to borrowers who ___________
   A) Do not have good credit history
   B) Take loan against mortgage o tangible assets
   C) Have good credit history and is known to banks since past 10 years
   D) Are most preferred customers of banks
    
10. Which of the given is referred as ‘Paper Gold’?
    A) Legal Tender of a Country
    B) Dollar
    C) SDR
    D) Bitcoins

Read More:

Thank You.

By TEAM ExamsCart.com   

(Government Exams ? Crack with Us…)